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Show The Market and the Mines The job of shoveling smoke in a smelter was once proposed as the ideal employment for a man of- easy-going temperament. But the joke that has provoked the laughter of two generations is in a fair way to lose its mirth-provoking character and become a commonplace fact. When smoke is sprinkled like a flower bed, caught in bags and hauled away to the chemical works the shoveling of it will no longer seem a grotesque and fanciful conception. Smoke, under the eye of science, has ceased to be an airy and intangible thing and become a material entity with weight, substance and dimensions. Unless science is called off it will be collecting rainbows in hogsheads and preserving pre-serving our dreams in cabinets. & j Romance may suifer from the ravages of the investigator,' in-vestigator,' but we will undertake to do with a little less romance in order to secure the advantages ad-vantages of a ready ore market and ample smelting smelt-ing facilities benefits which are already follow- . ing the battle between science and smoke. The United States Mining, Smelting & Refining company com-pany is prepared to prove in court that the smelter smelt-er smoke problems, so far as it relates to lead and silver ores has been solved. The bag house does it. Hereafter the smelter lion and the farmers' far-mers' lamb can lie down in peace together. It is not certain, however, that the farmer will be content with the solution. . It has become a habit with him to attribute every misfortune of farm life to smelter smoke and he has lost the power to distinguish between the evils that really came from sulphuric acid and arsenic and those due to neglected cultivation and wrong methods of tillage. He may seek to make the sm'elters a scapegoat for his future oversights and errors, but there is every reason to believe that the courts will recognize the complete success attained by the United States bag house and impress upon the farmer that he must depend to some extent on his own industry and skill. Gases that cannot be seen cannot carry enough solids to affect animal ani-mal or vegetable life in the open air. The Salt t Lake valley farmer who forgets that there is such a thing as smelter smoke and works his ground as diligently and as intelligently as he would in Davis county or Cache county, will prosper as generously as the farmer of Davis or Cache. It might be worth while, and this suggestion is given gratis, for the smelting companies to maintain main-tain an experiment farm near their plants, keep accurate records and demonstrate the causes other than smoke which have counted against the farmers far-mers in this valley. 6 fcC I A good excuse is all that the boys on brokers' row have been -waiting for to give the market a lift. The exouse was afforded this week by the development . in the north shaft of the Goloradd Mining company at Tlntic. A raise from the -300-foot level bumped into Colorado-Beck "Tunnel ore body, 260 feet from the surface. The arrival of the news in Salt Lake touched off the bull movement, which had been loaded and primed for many days. The bears scurried to cover as if the Nimrod of the White House had been sighted and that part of the public, which had been afraid to invest in Colorado at $2.17, scrambled to buy at $2.95. The significance of the new strike lies in the fact that it has been made nearly 600 feet north of the point to which the great Colorado ore shoot had previously been followed and 1,000 feet from the discovery shaft. It is inferred, naturally, nat-urally, that the 600-feet of un-explored territory is penetrated by the rich vein. Much remains to be learned before the possibilities of the mine can be gauged mathematically, r but the present showing guarantees . dividends on the existing stock for years to; come. & & Among the rare and glorious privileges which attend ownership of stock in the Emma Copper company, is that of buying treasury stock at ten cents a share. If you are not a stockholder and want to be, you will have to go into the open market and pay six cents a share. This opportunity opportun-ity flie chance of a lifetime to pay ten cents for what they can sell for six is offered to Emma shareholders in a circular letter mailed by R. K. ' Cobb & Co. The offering of treasury stock is limited lim-ited to 50,000 shares. It is thought, however, that this will be enough to satisfy all demands. Since somebody pulled the plug from the bottom of that pool In which the promoters put their holdings to sustain prices, and let all the shares run out, the public has been strangely Indifferent to the siren voice of the seductive Emma. Its confidence in the value of pools and the leadership of Napoleonic financiers has also diminished. Perhaps Per-haps the public is mistaken. It was mistaken when It paid fifty cents a share for Emma Copper and it was mistaken again when it refused eighty cents and held out for a dollar. Lemons, which are dear at fifty and sixty cents, may bo a good investment in-vestment at six and ten cents. In the mining world a lemon is a lemon only when it is sold at an exaggerated price. When it gets down to its true value it becomes a oitrus product. & & What about Rawhide? Is It necessarily a lemon because some of the stories that have come from there are slightly yellow? One would imagine so upon reading the . adverse opinions that have been played up during the past week by the local dailies. But when attention is given to the sources of these "knocks" they are i nH found to b6ar a family resemblance to the dirges lfl that were ' rendered over Tonopah and Goldfield H-'ll in the early dayd dt those camps. The greatest fijH solicitude for the public Is manifested by gentle- men who have stock or property to sell in dis- jll trlcts adjacent to Rawhide. They are, of course, J'IhH unbiased! They would not for an instant throw jnH obstacles in the way of a meritorious camp simp- PmI ly because the new camp distracted attention f'MB from their own offerings! Perish the thought! 'wllfB These proposals to wager a million dollars or any lff9 part there of, that the Rawhide boom will burst in '! jilH less than ninety days, are inspired only by a pb.il- ! anthropic desire to protect the innocent investor from the consequences of his own innocence! ' ifilH The principal charge against Rawhide is that '!'H the values do not go down. No member of the j jj9 GrouuLD band has had the temerity to assert that IiIxIhI values, and wonderful values, have not been found jSnifl on the surface. If such an assertion were possi- fSS ble it would be made, but the money actually $kb9 realized from the surface workings, proves' be- jlfliifl yond cavil there is gold-bearing rock of the :fBl highest grade at grass roots in Rawhide. "No imf li values," is the first resort of the knocker and jfl1l '"They don't go down," is his last refuge. How ilfr, '. often were we told that the veins at Tonopah, 'Wm .1$ at Goldfield, at Cripple Creek "would not go M Cm down?" So often, Indeed, that it is astonishing m 'JfjjH this sort of disparagement should ever "go down" fi with the reader of mining news. Any honest m , miner will tell you that the surface gives no clew m to the continuation or value of a vein at depth. m The proof of a vein is in sinking on it. It is, m y;ju'- therefore, absurd to say that values do not "go iBJ down" in a camp whose deepest shaft Is not 'Kj more than sixty feet below ground. & ,r r- It is indiscreet to declare with positlveness that jt values do go down, but the presumption is that m ' ; high surface values in gold will continue to the - deep. The investor who would deliberately turn m down a camp because rich ore was disclosed in vi shallow workings and put his money Into some- j thing that gave only a "trace" or "promising ffl indications" at grass roots, would be a freak of j Jm nature. Rawhide is new. It is too early to an- I l nounce positively that the present values will 1 &m be maintained at 2,000 feet, 1,000 feet, or even 500 feet, but in so far as the surface is an .index liiilP to the future, the camp Is an inviting field' for '' the man with money to invest. faf 1 |